Trump Media & Technology Group stock surges, Tesla shares are downgraded, Meta Platforms launches a new free-to-use stand-alone version of the company’s Meta Ai chatbot, and Taiwan Semiconductor falls as the company lowers its outlook for the overall chip market.
China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.
Here are four Singapore stocks you can keep a lookout for in May. The post 4 Singapore Stocks to Watch for in May appeared first on The Smart Investor.
The Federal Reserve’s policy committee will confer on Tuesday and Wednesday, with officials likely to confirm a cautious and gradual approach to changing interest rates in 2024. The Fed’s balance sheet plans may get more attention. The Federal Open Market Committee will conclude the two-day meeting on Wednesday.
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm.
The company's CEO says areas such as drug development and robotics can be markets for the company’s processors.
Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
Tata Sons, the holding company of India's Tata Group, has increased its stake in satellite TV provider Tata Play to 70% by buying a 10% stake from Singapore state investment firm Temasek for about $100 million, the Economic Times reported on Tuesday. Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding, complying with regulations governing direct-to-home (DTH) companies, according to the report, which cited people familiar with the matter.
Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday, as an aggressive domestic price war and Western regulatory pressure weighed on the company's growth.Its profit in the first quarter was 4.57 billion yuan, up 10.62 percent from a year ago, BYD said on Monday.
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
The logistics REIT also warns of further headwinds that will exert pressure on its distributions. The post Mapletree Logistics Trust’s DPU Dips Slightly to S$0.09003 for FY2024: 5 Highlights from the Logistics REIT’s Earnings appeared first on The Smart Investor.
A 53-year-old trucker named Donny called into "The Ramsey Show" asking Dave Ramsey and co-host Dr. John Delony for advice on finding a way out of his distressing circumstances. Donny's initial admission set the tone. “I'm 53 years old, have absolutely nothing for retirement, I'm $50,000 in debt, and I want a divorce,” he said. Don't Miss: The shocking amount the average American would save by now if they started an account in 2010 with today’s high yield savings rates will make you run to open y
Your net worth is more than just the balance in your bank account. It's a measure of your financial health. For You: Mark Cuban Reveals Why He Keeps a Strict Budget EverydayTry This: 6 Unusual Ways To...
India's Chennai Petroleum Corp Ltd will build a 180,000 barrels per day (bpd) refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said on Monday. India, the world's third biggest oil consumer and producer, is expanding its refining capacity as it is expected to be the largest driver of global oil demand growth between 2023 and 2030, according to the International Energy Agency. Chennai Petroleum initially planned to complete the refinery by the end of 2025.
(Reuters) -Artificial intelligence server maker Super Micro Computer reported third-quarter revenue below estimates on Tuesday, hurt by a shortage of some crucial components and questions over the profitability of a new line of servers. Shares of Super Micro, which have more than tripled in value so far this year, were down 14% in trading after the bell. The San Jose, California-based company, which builds powerful AI servers with chips from Nvidia, Advanced Micro Devices and others, forecast fourth-quarter revenue above estimates as it expects steady demand.
According to veteran analyst Peter Brandt's exponential decay chart, bitcoin’s (BTC) recent price high of near $74,000 has already topped according to historical data. Has bitcoin's bull cycle already ended? CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
A week jam-packed with major market events kicked off with some wild action in Japan's yen during a public holiday there, with a withering drop in the currency to 34-year lows of 160 per dollar meeting predictable intervention speculation that triggered an equally eye-watering rebound. With no official yen purchases yet confirmed, market chatter presumed there had been at least some shot across the bow as the currency's fall since Friday's anodyne Bank of Japan meeting threatened to go into tailspin. Japan's top currency diplomat Masato Kanda declined to comment when asked if there had been any action.
Big tech companies are all about AI this earnings season. Meta Platforms (META) and Microsoft (MSFT) have spent a lot of money on ramping up their AI offerings, but only one has a stock you may want to consider for your portfolio, according to Visible Alpha Head of TMT Research Melissa Otto. In the latest Good Buy or Goodbye, Otto explains that Microsoft benefits from both a strong demand and a strong outlook for its Azure business. She also likes that it has a lot of potential growth from AI. Otto is less of a fan of Meta. She argues that its higher expense guidance "suggests that the 'year of efficiency' is potentially over." So why is Mircosoft's spending on AI good, while Meta's spending is a concern? Otto says there are two reasons: Meta's expenses have ramped up more than expected and that there is a lack of visibility surrounding those expenses. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Shares of PayPal (PYPL) are rising Tuesday, buoyed by the company's first quarter performance, which saw payment volume surge 14%. The digital payment giant exceeded analysts' revenue expectations, posting a top-line figure of $7.7 billion, beating the Street's estimate of $7.51 billion. Yahoo Finance's Seana Smith and Brad Smith break down the details of the report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Eli Lilly and Company (NYSE:LLY) is set to report first-quarter earnings on Tuesday, April 30. Analysts expect the Indianapolis, Indiana-based company’s quarterly earnings to be $2.46 per share, up from $1.62 per share in the year-ago period. Eli Lilly is projected to post revenue of $8.92 billion, compared to $6.96 billion in the year-earlier quarter, according to data from Benzinga Pro. Fresh off its acquisition of a manufacturing facility from Nexus Pharmaceuticals, some investors may be eyei
The FOMC kicked off its highly anticipated two-day meeting on Tuesday, with markets eagerly awaiting the interest rate decision. Federal Reserve Chair Jerome Powell is set to announce the committee's verdict on Wednesday, with investors hoping for a rate cut to alleviate inflationary pressures. In the lead-up to the FOMC meeting, John Hancock Investment Management's Co-Chief Investment Strategist Matt Miskin joins the Morning Brief to share his insight into the Fed rate cut outlook. Miskin acknowledges that inflationary pressures have "spooked the markets," predicting that the Fed will adopt a "more hawkish" stance. He advises investors to reduce their risk exposure, citing the Fed's role in allowing "this inflation problem to reemerge." As the Fed continues to hint at the possibility of rate cuts materializing in 2024, Miskin suggests that when Fed Chair Powell delivers the decision on Wednesday, he "should say there will be a big shift to that." In the current economic environment, Miskin recommends high-quality bonds as an opportunity for investors, stating that he is "struggling to see value" in equities. "Powell's not doing himself any favors, and the Fed more broadly, by talking about cuts. Because when they talked about cuts...that actually stimulated the economy," Miskin tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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